The UK's largest independent steel stockholder, Barrett Steel Ltd, has celebrated its faith in a bright future with the completion of its first Management and Leadership Academy. Over the last 12 months eleven creative managers have been experiencing an inspirational programme designed to open their minds to transformational leadership, whilst accrediting the work towards the Chartered Management Institute's (CMI) Chartered Manager status.
Pauline Garnett, Barrett Group HR Director, who developed the management and leadership programme within the company, explains: "It was devised to strengthen our succession planning and develop talent within the business for future generations.
"Leadership is the real difference - it is the alchemy that turns good into something truly precious. We have a long term leadership development commitment in the business and this programme is intrinsically linked to our overall business excellence model of continuous improvement.
"A wide range of core skills has been covered including Finance & Working Capital, Strategic Planning, Core Values, Improving Efficiency, Human Factors, Emotional Intelligence, Data Management, Recruitment & Selection, and Business Excellence. The Executive Board, alongside professional educational providers, is actively involved in mentoring the managers, sharing knowledge and become stronger as a consequence.
"It is a privilege to work alongside our people and help them to develop their careers and assure Barrett's future success. No small wonder that it has become the company of choice for actual and prospective employees."
A second tranche of managers is developing its skills through the academy programme and Barrett will assist members to continue academic studies with CMI to diploma level and beyond.
Following the success of Barrett's Tube Division in Scotland, opened 18 months ago, the company has announced a major investment north of the border with the launch of Barrett Steel Scotland. The new business, based in Bathgate, West Lothian, will promote general steels to an expanding Scottish market, serving small and large steel users in a wide range of industries, from blacksmiths to major construction companies and large fabricators. The company has ambitious growth plans and aims to be the largest independent steel stockholder in Scotland within the next five years.
Part of Barrett Steel's company-wide continuous investment programme the business will complement and work in conjunction with the Bathgate-based Tubes Division and the Energy business in Montrose. Two new staff have already been appointed as part of the initial recruitment drive.
Ross Kidd, Commercial Manager of Barrett Steel Scotland, explains: "This is an exciting time at Barrett Steel Scotland. We have the backing of the Barrett Group, the UK and Ireland's largest independent steel stockholder, and we are looking to capitalise on this success north of the border, building the customer base and developing relationships.
"We will offer customers a wide variety of stock and processing options, including drilling, plasma, gas and laser cutting, punching and shearing systems, tube lasering and painting, helping customers to identify opportunities and solutions for a variety of projects."
Ross Kidd adds: "I am excited to be part of a thriving company which is continually investing in machinery and staff to maximise long term relationships with customers. With our parent group and our local knowledge and expertise we can confidently predict a vibrant future."
Despite challenging times in the industry Barrett Steel, whose annual international sales grew by 45% over the last two years, reported a near 50% increase in pre-tax profits as sales increased for the financial year to September 2013.
About Barrett Steel Ltd
Founded by Henry Barrett in 1866 Barrett Steel has grown both organically and by acquisition to become the UK's largest independent steel stockholder.
The group now consists of 42 companies operating from 30 locations across the UK, Ireland and the US and is divided into four divisions: General Steels; Engineering Steel; Tubes and Energy Products. The four divisions strategically work together in a forward-thinking philosophy to serve customers worldwide. Each company operates with the full backing and support of the Barrett Steel Group. Dedicated staff - wherever they are based across the UK - act as customers' one point of contact, whatever product or service is required.
Barrett Steel continues to invest in people, plant and products to ensure that the company is ideally placed to meet customers' requirements. Investment in capital projects in the year to September 2013 amounted to £6.9m.
Barrett Steel holds international accreditations including the quality initiative ISO 9001:2008, the environmental standard ISO 14001:2004 and CE approvals up to Execution Class 4 in BS EN 1090-1:2009.
As part of its commitment to servicing the Irish market Barrett Steel will launch its Engineering Division into Ireland on 1st May 2014. Barrett Engineering Steel Ireland will introduce a wide range of engineering steels and alloys from its warehouse and business unit in Maghaberry, Northern Ireland.
Despite challenging times in the industry Barrett Steel reported a near 50% increase in pre-tax profits as sales increased for the financial year to September 2013.
Barrett Steel, the UK’s largest independent steel stockholder, reports a near 50% increase in pre-tax profits from £2.2m to £3.1m in the recently filed company results for the financial year to September 2013.
Roy Butcher, non-executive Chairman of Barrett Steel, says: “We are encouraged by the results of the annual accounts.
“The current trading year has started with further pressure on prices though demand generally remains reasonable, we remain optimistic for the remainder of the year.
“Despite a challenging construction market Barrett Steel’s turnover has risen from £261m to £273m and we have continued to invest in capital projects, including energy efficiency.”
Andrew Warcup, Group Financial Director, explains: “Part of this investment includes £300,000 spent on profiling equipment at C Roberts Steel Services in Rotherham and upgrading lathes at the Forge in Newcastle-upon-Tyne at a cost of £600,000.”
Roy Butcher adds: “As part of our long-term growth strategy we have made significant investment in the oil and gas sector with the launch of the Energy Products Division targeting the global energy markets and further developments at the Houston, Texas depot.
“Other recently developed UK based businesses are focused towards export markets and export led customers in line with Board strategy to extend the group’s global reach and gain competitive advantage world wide.”
Barrett Steel also continues to invest in its Environmental Improvement Strategy with the installation of solar panels across the UK sites. Mel Bray, Director of Integrated Management Systems, explains: "The project is an integral part of company strategy to reduce our carbon footprint.”
Barrett Steel has announced that it is bringing its engineering steel facilities in various parts of the UK under the Barrett Engineering Steel banner. The companies affected will be Woodberry Chillcott & Co. Limited of Bristol, HKB Steel of Dudley, West Midlands, Staniforth-HKB of Rotherham, South Yorkshire, Taylorsteel (North East) of Consett, Co Durham and Taylorsteel (North West) of Oldham, Greater Manchester.
From 3rd June 2013 Woodberry Chillcott & Co will trade as Barrett Engineering Steel (South West) Limited, HKB Steel as Barrett Engineering Steel (Midlands) Limited, Staniforth-HKB as Barrett Engineering Steel (North) Limited, Taylorsteel (North East) as Barrett Engineering Steel (North East) Limited, and Taylorsteel (North West) as Barrett Engineering Steel (North West) Limited.
To complete national coverage, the South East will be serviced by Barrett Engineering Steel (Midlands) Limited.
All companies have been part of the Barrett Group for a number of years, sharing stock and production facilities with the rest of the Group, and the next natural step was to unify all the engineering companies under one name.
As John Childs, Managing Director, Barrett Steel Engineering Division explains: "Further to the ongoing restructuring of our Engineering Division we are delighted that our traditional engineering businesses will become Barrett Engineering Steel. This will consolidate the strengths of all our businesses and give us a corporate identity that supports both growth in the UK and our increasing growth into export.
"The only change customers will see locally is to the name: they can still rely on the same great service they have previously received from their local supplier."
Barrett Engineering Steel provides specialist materials and services across UK and worldwide markets. As well as offering a wide range of black and bright carbon, alloy and stainless products the Division also provides value-added services such as cutting, forging, heat treatment, testing and machining.
Ongoing investment keeps Barrett Engineering Steel at the cutting edge of industry, and by working with leading global logistics partners the Division ensures products are delivered safely, in perfect condition and on time, wherever in the world they are required.